UBS retains “buy” recommendation on Heidelberg

UBS retains “buy” recommendation on Heidelberg
Published: 02 November 2010

UBS today retained the "buy" recommendation on HeidelbergCement.

The focus will be put mainly on the price development, analyst Mark Stockdale said. The company’s quarterly figures will be satisfying, boosted by the implemented cost reductions, the analyst added. According to him, HeidelbergCement will book a 0.80% decrease in EBITDA to EUR 764m.

UBS’s "buy" recommendation means that a company’s price gains and dividend payout will be higher by at least 6% than the expected market return in the next 12 months.